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20121027
20121104
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
parts division of gm. you know delco batteries. we had gm that desperate to cut off its own parts and set off delphi as a separate company which immediately pretty quickly went bankrupt. well, down went the vulture's and they pick.delphi corp. out of bankruptcy court for 67 cents, a darned good deal for the entire auto parts division of general motors. 67 cents a share. within two years they flipped it. they went public at $22 a share. share. that is it 3200% prophet that they weren't done. they weren't done. delphi had 29 plans in the u.s. and the delphi group sold it back to gm and the rest, every single plant was sold, was sent off to china. every single uaw job, everyone, 25,200 uaw workers including -- i got a call from michael moore. his dad had the delphi plant and flint michigan. every job sent to china, every one. now that was not the plan. obama's administration came up with the deal with the owner of detroit to take over the delphi unit and basically give it back to general motors. gm, the pistons and the u.s. government would buy back delco auto parts and give it back
. that drew another company into the fact check, gm, which had been saved of course by the auto bailout. a gm spokesman telling the press, "we've clearly entered some parallel universe." also from gm, "at this stage we're looking at hubble telescope-like distances between campaign ads and reality." but here's the thing. it is one thing to lie about your record or even your opponent's record. but what mr. romney has done here is to lie about a third party. in that third party's back yard. and you can tell that mr. romney's ohio lie about jeep is not going to work in ohio in part because ohio voters follow the car industry like it's the local football team. the romney campaign's running these ads in youngstown, for example. take a look at the "youngstown vindicator." the kind of reporting they were doing back in july on a local plant. "i think part of this relates to our focus on quality and make sure parts are right so we don't pass problems further up the line," said somebody's cousin. here's the youngstown paper in august on a plant expanding. "good news would be welcomed at the plant where
federal relief, mitt romney is now claiming that he -- not president obama saved g.m. and chrysler. can you believe it? mitt romney ought to burn in hell for that lie. he keeps telling it. we'll tell you why that's wrong and a whole lot more here plus bring you all of the latest on the impact of hurricane sandy. right here on the "full court press." but first, we take a little time out as always to get the latest, today's current news update from lisa ferguson standing by in los angeles. good morning lisa. >> hey bill. good morning everyone. hurricane sandy not only is taking an impact on the east coast but it is also putting a twist in the political schedule today. we are just one week out from the election. neither candidate is campaigning as planned. president obama is staying in d.c. to monitor the storm and help prep for any disaster relief. mitt romney is also putting a stop to his events saying it is out of sensitivity for the millions of people in sandy's path. romney did have events scheduled today in o
when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agreed to rest
to help the auto industry. he is supported by lee iacocca and the detroit news. obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that
a plan to help the auto industry. he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where they say barack obama sold gm to italians who are going to build jooirps in china. this appears to be a spin on this ad from ohio last week. >> i saw a store today, one of the great manufacturers in this state, jeep. now owned by the italians, thinking of moving all production to china. i will fight for every good job in america and i'm going to fight to make sure trade is fair and if it's fair america will win. >> that line about jeep moving american jobs to china? moving all production to china? that is not true. chrysler is not moving its production to china. that is not at al
a listen to this. >> under president obama gm cut 15,000 american jobs, but they're planning to double the number of cars built in china, which means 15,000 more jobs for china. now comes word that chrysler plants will start making jeeps in, you guessed it, china. >> dana, i'm completely confused here. romney is now saying the bailout cost gm jobs, but he's also said obama did exactly what romney had prescribed. help me. >> well, let me see if i can here. what happened is romney put together this -- first of all, he started at a campaign rally misquoting what chrysler was, in fact, doing. they're not moving jobs to china. they're increasing some work in china to get around the tariffs over there. they've added 7,000 jobs in north america. the fact checkers went after him for that, so he put out an ad essentially saying the same thing on television. the fact checkers went after him for that and he put out a new ad on the radio making a worse and more false allegation. some time ago the pollsters said we're not going to let the fact checkers dictate our campaign and nobody can argue with
of the -- the ceos of chrysler and gm had to come out and say you're lie being us and you're going to hurt our sales with your lies. he's not really keeping up with business there, but i have to tell you also, earlier this week he got subsumed by the sandy coverage as it should have, but i put out a story with another videotape in which mitt romney talking to a fund-raiser earlier this year says, you know, there's a better business environment in china than the united states. well, why is that? it's because they have no worker protections, no environmental -- >> they have no human rights, david. >> and low wages. so is he saying he wants to bring us back to that point? like to the days of cal coolidge as joy suggests? >> david, yes. >> there's a lot going on that doesn't compute and when it does compute it's rather scary. >> there's something called the moonlight magnolia theory of economics. the south practices it right now. when you strip away unions and you can lower wages, businesses are more profitable. that's why wall street -- you see the stock market tick up when companies lay people off bec
took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> to quote bill clinton, that takes brass. but that ad got four pinocchios from washington post, got pats on fire from politico. so obviously he stopped, right? wrong. he's now buying ohio ads in the ohio city home of the jeep plant. >> now come words that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? the same hard working men and went who were told obama's auto bailout would help them? >> today chrysler's ceo sent a letter to employees saying, i feel obliged to unambiguously restate our position. jeep productions will not be moved from the united states to chi china. it is inaccurate to suggest anything different. inaccurate is a kind way of putting it. when corrected time and time again, governor romney has walked away from the truth. he hasn't fibbed, he hasn't mud idea the facts. he lied. and it's a lie he is selling to the people of ohio. it's desperate behavior from a de
that jonathan was mentioning because they're such blatant lies that the head of gm and chrysler had to come out. there's a population growing in america saying, wow, you might want to chill that hate down a little bit. it's a little daunting. you can almost see voters saying, did you know you just said that out loud? the rest of us heard you say that? >> the problem is, karen, they wouldn't be doing it if they didn't think they were appealing to somebody. i mean, you don't spend a million dollars on advertising unless you think you're going to get some return. >> but remember from the very beginning this has been a base election. president obama needs his base to come out if he's going to win. mitt romney needs his base to come out if he's going to win. and so the fact that he -- that they are still going this route spells trouble for governor romney. >> there aren't enough white men in this country to elect a president. i'm sorry, fellas. it's the truth. and the barack obama electorate is blacker and browner and it's women and it's far more diverse, like the country actually is. >> even republ
's getting a lot of criticism from many different kinds of entities. first, listen. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and
jobs, gm is back, chrysler is the fastest-growing auto maker in the nation, what is their response? it is outrageous, their response. in the last hours of this campaign, they have become truly desperate. i came from ohio -- they are running an ad in ohio and the following -- this is the god's truth. the ad they are running says the following -- it says that barack obama bankrupting the automobile industry so that it could be sold to the italians -- i do not know they have against the italians -- sold to the italians so they could offshore to china. that is what they are saying -- i am not making this up. ladies and gentlemen, here is the cynical part. just imagine, your from the upper midwest, my state is delaware, which was one of the biggest automobile producing states in the country. after all those guys and families have been through, hard-working folks working their whole lives, through no fault of their own because of the policies of the last administration in the last year before got elected, 400,000 automobile jobs lost. here is what is more important -- 400,000 people drop
for the autos, but what obama said was not true. it was barack obama who took gm and chrysler through bankruptcy, ok? >> right? second, it was mitt romney who absolutely did provide for loan guarantees to ensure the warranties were backed up. that is what every fact checker who has looked at what obama said said he was wrong, he was not telling the truth. now, this is what is most important to this guy here and the other uaw workers that are here. it is the policies that mitt romney and paul ryan want to put in place that will make the auto industry strong -- [indiscernbile] he wants sensible regulations. he wants tax reform that will ensure we can get the auto companies back on their feet. he wants to make sure that trade is fair. he wants workers trained to work better for them. he wants their energy costs now. that is what will keep energy -- otter jobs here in ohio. that is what mitt romney is going to. balks, we are in the fourth quarter. the score is tied. we're in the red zone. we got the momentum on our side. are we going to be sure that we take mitt romney over the goal line in the next
, was in favor of a managed bankruptcy for g.m. and chrysler. and so he's got to somehow get voters to look past that, that he would be a supportive president of union workers in this state. as you mentioned, governor romney is down in florida today. we are expected after this bus tour to head down there as well. but right now the polls are looking in the president's favor. the latest cnn poll has the president up 50-46. there's still some work to be done here but we can tell you that the folks who are showing up for these republican events are very energized, they are very enthused about their ticket. and now as a matter of seeing, alex, who's got the better ground game. democrats or republicans. we'll know in ten days. >> we will certainly indeed. thank you so much ron mott. safe travels on the bus tour. >>> next up we turn to nbc's kristin welker who's in new hampshire with the the president. hello to you, kristin. before we get to the president's campaign event there, is hurricane sandy affecting the white house plans at all? >> reporter: absolutely. it is affecting the white house plans. go
Search Results 0 to 28 of about 29 (some duplicates have been removed)